Why oil prices, tame now, will eventually move back upCBS NewsOil prices are tame for now, but don’t get too comfortable with them. They lately have climbed back to around $50 per barrel, quite a comeback following their two-year tumble that reached a low point below $30 in early 2016. But there’s evidence to …

4 Wildly Different Oil Price Scenarios For 2020OilPrice.comBut as we move into 2018 and beyond, there is a great deal of disagreement among analysts about what happens to oil prices. One school of thought is that the severe cuts to upstream spending that have stretched into a third year are sowing the seeds of …

Saudi Prince Mohammed Meets With Putin To Discuss Oil, SyriaOilPrice.com… relations are not strained. The two support opposing sides in the Syrian civil war, and they are rivals in the Asian oil market. Yet, they have been thrown together by the 2014 oil price crisis, and more or less forced to collaborate on ways to …

Is This The “Mystery” Massive Long Supporting The Oil Market?OilPrice.comI have written about the problems of solely using net contracts as a measure of speculative positioning before (Re-evaluating crude oil spec positioning). Increases in open interest, and dramatic changes in the price of the underlying asset can make …

Did Saudi Arabia Play Trump?OilPrice.comRelated: Is This Saudi Arabia’s Newest Strategy To Boost Oil Prices? Prince Mohammad claims that the Houthis are puppets of Iran. On 1 May, he was asked on the Dubai-based, Saudi-owned Al Arabiya television channel if he saw a possibility for direct …

Canadian Oil Sands Brace As Oil Majors Dump SharesOilPrice.comRoyal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips …

Court Injunction Forces Statoil To Stop Arctic DrillingOilPrice.comA small Norwegian firm has forced Statoil to stop drilling in the Barents Sea of the Arctic by filing a suit against the oil major over a technology dispute, according to a spokesperson from Statoil. NeoDrill claims that the technique Statoil refers to …

South Korean Oil Imports Rise 5% In Q1OilPrice.comOne of the biggest oil consumers in Asia benefited from stable oil prices in the $50-55 range in the three-month period, exporting 8.7 percent more refined oil products in the quarter, or 126.9 million barrels. The main markets for the products were …

Greece Opens Onshore Oil, Gas Blocs For ExplorationOilPrice.comGreece will start opening new onshore oil and gas blocks for exploration in 2018, the head of the Hellenic Hydrocarbons Resources Management (HHRM), Yannis Bassias, told Reuters in an interview published on Monday. One of the first areas slated for …

Iran Discovers New Oil FieldOilPrice.comSeismological surveys of parts of the Central Kavir desert in Iran have revealed a new oil deposit, local media reported, citing an unnamed source. The source did not reveal any details about the find, including estimated reserves, but instead spoke …

Has Big Oil Regained Its Pre-Crash Position?OilPrice.comThe oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year. And the largest oil companies started turning in much higher profits for the first …

Tender for Iran’s Azadegan oilfield has started: oil ministerReutersThe tender for Iran’s Azadegan oilfield has started, the country’s oil minister said on Monday, according to the Islamic Republic News Agency (IRNA). “Right now the tender for developing the Azadegan field is being carried out,” said Bijan Zanganeh.

Is China Liberalizing Its Oil And Gas Industry At The Right Time?OilPrice.comUnfortunately for Mexico, just weeks after the country became open for business with foreign companies, oil prices crashed for the first time. Investment in oil exploration and extraction shrunk drastically as the industry’s biggest players published …